Automotive

Changes At Home

TL;DR — Ford switches from leasing EVs to renting them, VW divests its stake as Electrify America looks to massive expansion, Hyundai and Kia are quietly giving Tesla something to think about.
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Changes At Home

🚫 🔋Ford will no longer give buy options at the end of leases for EVs. The company says keeping more recyclable battery materials will lead to sustainability, lower costs, and more accessible and affordable EVs for Americans.  

✌ 🔌Volkswagen is selling its minority stake in charging station startup, Electrify America LLC. The deal will value the network at more than $2B and fund plans to double the number of EV charging stations Electrify America operates in the US. 

🏆 💪Hyundai and Kia have slowly climbed to the top of US EV interest. The Ioniq 5 by Hyundai and Kia's EV6 have surpassed Tesla's first decade in a few months, impressing even Musk.

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